Haynes (HAYN) Reports Q2 EPS of 94c, Offers Q3 Outlook
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Haynes International, Inc. Reports Second Quarter Fiscal 2015 Financial Results
May 7, 2015 4:13 PM EDTSecond quarter net revenues of $138.7 million and net income of $11.7 million, or $0.94 per diluted share, for the three months ended March 31, 2015, compared to net revenues of $115.4 million and net loss of $(1.2) million, or $(0.10) per diluted share, for the same period of fiscal 2014. Backlog of $220.4 million at March 31, 2015, an increase of 2.3% from $215.5 million at December 31, 2014. Capital investment in the first six months of fiscal 2015 of $22.7 million, with a forecast for capital spending and acquisitions in fiscal 2015 of $33.4 million including the LaPorte acquisition. Regular quarterly cash... More
